Table of Libyan oil revenues, 1970-1981

Year Oil production in Libya (thousand barrels daily) from BP statistical review Total annual production (million barrels) (daily production multiplied by 365) Price of crude oil ($) from BP Statistical Review (present day adjusted values) Calculated revenues ($): Price per barrel multiplied by total annual production (present day adjusted values)

1970

3357

1225.31

10.10297059

33915672277

1971

2750

1003.75

12.04506455

33123927514

1972

2248

820.52

12.93002302

29066691751

1973

2211

807.02

16.14876944

35704929237

1974

1558

568.67

51.23404526

79822642514

1975

1514

552.61

46.73871179

70762409652

1976

1972

719.78

49.03992218

96706726531

1977

2108

769.42

50.05274868

1.05511E+11

1978

2023

738.4

46.88872883

94855898432

1979

2139

780.74

94.94146226

2.0308E+11

1980

1862

679.63

97.46362233

1.81477E+11

1981

1253

457.35

86.19089197

1.07997E+11

TOTAL: $s

1.07202E+12

Total in million $s:

1072024.332

Total in trillion $s:

1.072024332

 

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